On application, the client or their rep will put down the income/assets. If the ARF is listed as, say, €500k, that will be assessed at 7.5% p.a.(less the exemption of €36k) plus 80% of any income derived from that. In practice, the applicant can provide proof of pension from, say, Zurich, and be deducted 80% of that, with the fund not mentioned. However, upon the death of the client, the reps fill in a declaration of assets to the HSE. At that point, the ARF should be declared and the HSE may assess that at 7.5% p.a. for each year and part year the client was in the FD scheme.